| 3.5 Inventories | ||
| Accounting policies | ||
| Inventories are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less direct costs necessary to make the sale. The cost is determined using weighted average costs. The cost of certain categories of inventory is determined using the FIFO method. The cost of finished goods comprises all costs of purchase including freight. The cost of self-constructed goods comprises all costs of conversion including direct costs and allocations of variable and fixed production overheads. The cost excludes borrowing costs. | ||
| € million | 2017 | 2016 |
| Goods | 931.7 | 969.3 |
| Prepayments | 6.9 | 9.5 |
| Total | 938.6 | 978.9 |
| Write-down of inventories to net realisable value | 44.3 | 48.0 |